Examlex

Solved

SCENARIO 8-2 A Quality Control Engineer Is Interested in the Mean Length

question 56

Short Answer

SCENARIO 8-2
A quality control engineer is interested in the mean length of sheet insulation being cut automatically by machine.The desired mean length of the insulation is 12 feet.It is known that the standard deviation in the cutting length is 0.15 feet.A sample of 70 cut sheets yields a mean length of 12.14 feet.This sample will be used to obtain a 99% confidence interval for the mean length cut by machine.
-Referring to Scenario 8-2,suppose the engineer had decided to estimate the mean length to within 0.03 with 99% confidence.Then the sample size would be .


Definitions:

Variable Level

Refers to an attribute or factor that can change in value over time or across different situations.

Specified Formula

A precisely defined mathematical equation or method used to solve a problem or determine an outcome.

Financial Asset

An intangible asset whose value is derived from a contractual claim, such as stocks, bonds, or bank deposits.

Debt Securities

Financial instruments that denote money owed by the issuer to the holder, typically involving regular interest payments and a return of principal at maturity.

Related Questions